The Bible To Become A Successful Wholesale Entrepreneur

By Ambition Won

 Are you ready to have Financial Freedom ? Ready to tap into the simple business that's going to change your life and give you that extra financial relief ? Are you ready to live a life you've always deserved ?


Like most I've struggled with keeping up with the bills ,college Etc. But not until I discovered how to change my life wholesaling
3 years ago And achieved that financial dream I had. Journey with me as I teach you the skills, tips ,strategies and secrets that no other wholesaling entrepreneur would share with anyone that's in this book, I like to call it "The Bible of all wholesaling guides",in this Intimidating very straight forward book you will learn all of my advanced wholesaling tips, Secrets ,The ins and outs , Financial Freedom and so much more!

This book contains .
-Key secrets to wholesaling like a pro
-Easy Step By Step assist to how you can start your business today!!
-Techniques YOU! can start today to ensure longterm success with starting and dominating in the wholesale business

Why let the Top Entrepenuaers have all the success when there's a book the literally tells and Ensures YOUR Success for YOUR future witch is why I wrote this book little book explaining the very Simple ways to wholesaling within Weeks ,get back to enjoying What matters most Your loved ones,Who says YOU!! don't deserve to Be Financially free ?
Who says that next successful wholesaling Entrepreneur can't be you ?.

• Language: English
• Publisher: malcolm grays
• Release date: Sep 21, 2021
• ISBN: 9798201512293

Book preview

Chapter 1: Your Business

To start a successful wholesale business, you need to pick a product that will actually sell.

Every product has a place of profit in an online market, no matter how niche it might be. The issue with high-demand products is there is harsh competition online. There is a high demand, and a high supply to match. You have to be innovative and use a clever strategy to excel in a competitive market.

Another option is to find a niche product with a less competitive market and sell it there. But those decisions have to be made subjectively by you, the seller.

The point I’m making is that it’s good to know which products are top earners.

But before jumping into what you should sell, there are a few things you need to consider before you dive into wholesale.

Wherever you’re selling, you need to consider the market size. You have to study the market that your product caters to and where you’ll be selling—whether online, at a physical store, or both. You need to get in touch with other retailers or simply just observe them to know their price points and what the customer wants from their service and eventually, yours. Knowing the market size is imperative while you are researching.

Since you have decided to go into the wholesale business and you know your target audience, you have to find out where you’ll be sourcing your wholesale products from. Those products could be manufactured from raw material or even sourced from other countries in bulk quantity. Find out from suppliers or other wholesale businesses the rate the products would be sold at, the payment cycle, and other details along those lines.

One of the major challenges many businesses face is the inventory system, and how to manage your inventory well along with overhead costs. Try to figure out an inventory system before you have inventory to see what would work best for you and your business. Whether it be a godown, a loft, an office, or a warehouse, it’s important you can manage that along with your daily expenses.

For manufacturers, the cost of maintaining outside sales forces is very high. To sell products to customers over a large geographical area, you need to work out a proper plan that’s cost effective and has the potential for maximum impact.

There are many B2B, Retail-Wholesale portals available online. It’s essentially a marketplace for wholesalers to meet retailers. Log onto these sites so that you’re always building your business network and spreading the word about your business. Buyers and sellers should always be cautious and make sure they only use a secured website.

Consider what kind of wholesale business you will run, too. There are a few different kinds of wholesale businesses, so before you make too many final decisions, clarify the nature of the business you’ll be running. The most common kind that comes to mind is a ‘general wholesaler’. A general wholesaler sells a lot of goods that they buy from one or more suppliers in smaller amounts at a higher cost.

Specialty wholesalers are businesses that have multiple suppliers and buyers, but specialize in a specific product line, industry, or provided service that they sell to their customers.

Wholesalers who sell a specific product, like shoes, are a unique kind of wholesaler. Specific product wholesalers usually only sell one product in high demand on the market.

A discount wholesaler will buy refurbished, returned, or discontinued products and sell them at a discount to retailers and customers.

Drop ship wholesalers buy and sell products like a general wholesaler, but don’t handle the products. A buyer will use a drop ship program to utilize a drop ship wholesaler’s services, and the wholesaler will then act as the ‘middleman’ between supplier and buyer.

An online wholesaler is completely online-based and typically works from their home instead of a physical location. This makes running business cheaper, but severely limits stock.

What’s Gonna Sell

Now that we’ve covered some areas to focus on before starting your wholesale business, let’s move on to some of the best wholesale products on the market. This list is purely suggestive and for information purposes. I’m not here to tell you what you can and can’t sell—if you think of something that’s not on this list and you believe in it, by all means, be my guest and sell away. If you have special knowledge in one area, by all means, take advantage of that and make a plan. Just make sure to do your groundwork thoroughly before you take any definitive steps forward.

The apparel and textile industry can be very lucrative for entrepreneurs trying to enter the wholesale business. In this business, the products you’ll be dealing with are textiles, threads, sewing supplies, upholstery, garments, specialty clothing, shoes, and other apparel products. You could choose to specialize in one or two of those products to simplify your options, or combine them all to try to reach the most customers. Either way, you’ll need to do your research before trying your hand in this industry (Flex Loans, 2019).

If you are operating in an agricultural country or state, you should consider taking advantage of that and opening an agricultural wholesale company. Agricultural equipment does well in the market, especially with retailers. They are always looking for the latest technology to grow better crops (Flex Loans, 2019). The agrochemical industry could be another option if you are located in a rural area. Fertilizers, pesticides, and organic seeds do well in agricultural markets.

The furniture distribution industry, on the other hand, is profitable no matter where you are located. People who live in cities need compatible furniture for their homes that can be easily transported. With smaller spaces, their furniture works best if it has multiple uses or offers extra storage, like a bed frame with compartments. But people who live in rural areas usually have more space and buy more furniture to fill empty areas. Retailers are always trying to find trustworthy wholesale furniture providers. If you have some potential in foreign trade, your furniture could also be sold internationally (Enterprise League, 2020).

The jewelry industry is very risky to venture into if you don’t have much money, but with luck, you could make high profits.